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Texas AG Ken Paxton Reaches Deal to End Securities Fraud Case

Under the agreement, Paxton will pay $300,000 in restitution and complete community service, avoiding trial and potential jail time.

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Attorney General Ken Paxton speaks to supporters as he supports Tom Glass in his campaign for Texas State Representative District 17 at Film Alley in Bastrop on Wednesday, Jan. 24, 2024.
Texas Attorney General Ken Paxton speaks during the annual Conservative Political Action Conference meeting on February 23, in National Harbor, Maryland.

Overview

  • Texas Attorney General Ken Paxton has agreed to pay nearly $300,000 in restitution to resolve criminal securities fraud charges, avoiding a trial that was set to begin in less than three weeks.
  • The deal includes Paxton completing 100 hours of community service and 15 hours of legal ethics education, with the special prosecutors agreeing to drop felony charges against him.
  • Legal experts note it is rare for cases like Paxton's to pursue jail time, with similar cases typically settled in civil court.
  • The resolution of the case allows Paxton to remain in his elected position and does not affect his law license, marking a significant reversal of fortune for the embattled attorney general.
  • Paxton still faces legal challenges, including a federal investigation and a whistleblower civil lawsuit from former aides who reported him to the FBI.